Barbara Corcoran's Beloved New York Penthouse Is on the Market for $12 Million. Here's What It Looks Like. Corcoran bought the 4,600-square-foot home in 2015 and fell in love with the terrace overlooking Central Park.
By Sherin Shibu Edited by Melissa Malamut
Key Takeaways
- Barbara Corcoran is the 76-year-old millionaire behind The Corcoran Group, which she sold for $66 million in 2001.
- Corcoran now reveals that she is selling her New York City apartment for $12 million.
"Shark Tank" star Barbara Corcoran, 76, is selling her dream home for $12 million.
"Real estate is always emotional, but I never thought I'd say goodbye to this beautiful palace in the sky. I'm just hoping the special person who buys it cherishes it as much as I do!" Corcoran wrote on Instagram.
She first got a glimpse of her penthouse in 1992. While running Corcoran Realty and delivering letters for a messenger service as a side hustle to help pay her bills, she delivered an envelope to an apartment on the top floor of a building at Fifth Avenue and 97th Street.
When Corcoran entered the apartment, she was impressed by its terrace with views of Central Park. She gave the home's owner her envelope and told her to call if she ever thought about selling the unit.
"I walked in and saw this green, lush terrace through the French doors, and said to the lady who let me in, 'If you're ever going to sell this, would you sell it to me?'" Corcoran told The New York Times in a previous interview.
Related: 'How Lucky Am I?': Tour Barbara Corcoran's $13 Million New York Apartment
More than two decades later, she got a phone call: The home's owner was ready to sell. Corcoran bought the 4,600-square-foot two-story penthouse apartment for $10 million in 2015 and renovated it for an additional $2 million over the next 18 months.
Now she's saying goodbye, she says, because of the apartment's curved staircase—she and her husband, Bill Higgins, 80, a former FBI agent, are finding the steps difficult to navigate. The pair found a new apartment, a single-story penthouse in the same neighborhood of Carnegie Hill, to call home.
Corcoran told The New York Times on Tuesday that she has listed her penthouse for sale for $12 million, slightly lower than what she spent buying and renovating it, but a "fair price" in her estimation. Monthly maintenance fees cost around $11,000.
The apartment has five bedrooms, five full baths, and two half baths. Corcoran completely revamped the space to include features like a library with a wood-burning fireplace, a butler's pantry, and a full kitchen off the terrace.
"The apartment is laid out like a multilevel jewel box," Corcoran broker Scott Stewart, who is co-listing the apartment, told The Times.
Corcoran previously disclosed that she makes about $4.5 million a year from her investments, including profits she has made as a "Shark Tank" investor for 16 years. The millionaire sold her real estate company, The Corcoran Group, for $66 million in 2001 and has since closed 650 deals on "Shark Tank."
Related: 'I'm the Best Boss I've Ever Met': Barbara Corcoran Says It Takes One Principle to Be a Good Boss
